IST:KUVVA Income Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	961.14	1,338	105.86	51.88	3.6
Revenue Growth (YoY)	-28.14%	1163.54%	104.05%	1340.35%	1962.20%
Cost of Revenue	843.66	1,291	43.72	23.17	2.87
Gross Profit	117.48	46.82	62.14	28.71	0.73
Selling, General & Admin	57.26	128.83	40.49	18.37	1.52
Other Operating Expenses	240.59	415.64	-4.63	-1.72	-0.32
Operating Expenses	297.85	544.47	35.86	16.65	1.2
Operating Income	-180.37	-497.65	26.27	12.05	-0.47
Interest Expense	-88.6	-155.61	-29.26	-12.23	-
Interest & Investment Income	17.72	9.96	0.72	1.51	1.52
Earnings From Equity Investments	-	-	-	-	0.13
Currency Exchange Gain (Loss)	-0.12	-0.59	160.33	3.81	0.01
Other Non Operating Income (Expenses)	-110.31	267.23	0	-	-0.03
EBT Excluding Unusual Items	-361.68	-376.66	158.06	5.14	1.17
Other Unusual Items	232.93	429.8	-	-	-
Pretax Income	-128.75	53.14	158.06	5.14	1.17
Income Tax Expense	76.73	-201.08	18.27	1.7	0.56
Earnings From Continuing Operations	-205.49	254.22	139.79	3.44	0.61
Minority Interest in Earnings	16.85	-	-	-	-
Net Income	-188.64	254.22	139.79	3.44	0.61
Net Income to Common	-188.64	254.22	139.79	3.44	0.61
Net Income Growth	-	81.86%	3958.55%	467.64%	-70.30%
Shares Outstanding (Basic)	31	31	31	25	13
Shares Outstanding (Diluted)	31	31	31	25	13
Shares Change (YoY)	-	-	23.58%	87.03%	8.08%
EPS (Basic)	-6.08	8.19	4.50	0.14	0.05
EPS (Diluted)	-6.08	8.19	4.50	0.14	0.05
EPS Growth	-	81.86%	3184.70%	203.45%	-72.52%
Free Cash Flow	-170.53	72.95	-370.57	-123.52	8.77
Free Cash Flow Per Share	-5.49	2.35	-11.94	-4.92	0.65
Gross Margin	12.22%	3.50%	58.70%	55.34%	20.39%
Operating Margin	-18.77%	-37.21%	24.82%	23.24%	-12.93%
Profit Margin	-19.63%	19.01%	132.05%	6.64%	16.85%
Free Cash Flow Margin	-17.74%	5.45%	-350.06%	-238.10%	243.53%
EBITDA	156.22	-460.27	45.23	16.36	-0.42
EBITDA Margin	16.25%	-34.41%	42.72%	31.54%	-11.59%
D&A For EBITDA	336.59	37.38	18.95	4.31	0.05
EBIT	-180.37	-497.65	26.27	12.05	-0.47
EBIT Margin	-18.77%	-37.21%	24.82%	23.24%	-12.93%
Effective Tax Rate	-	-	11.56%	33.00%	48.10%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.